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...Ford 5 Intel 5 Merck 5 Columbia/HCA 4 Exxon 4 Hewlett-Packard 4 Johnson & Johnson 4 Pepsico 4 Wal-Mart 4 McDonald...
Post's strategic victory was aided by retailers such as Wal-Mart, which swiftly marked down its cereals the day after the April announcement. Consumers began switching brands in droves. Don't wait for another round of cuts. True, General Mills--the No. 2 player, ahead of Post--is expected to align itself with the others. But barring growth, the industry could be forgoing about $1 billion in revenues. Any more would seriously hurt the bottom line. "We are still offering the best values in the cereal aisles," boasts Post Cereal boss Mark Leckie, reacting to the Kellogg's announcement...
...issue of exploited child workers--an ugly story that has become routine--lands in the morning papers and on the evening news because the exploiter suddenly has a perky, famous face. When Kathie Lee Gifford tearfully confessed on her morning talk show last month that yes, her Wal-Mart outfits were made by Honduran girls paid 31[cents] an hour--but she didn't know, she didn't know--it was too good a chance for advocates and activists to miss...
...been hard for KATHIE LEE GIFFORD to stay perky recently. Having recovered from the embarrassing disclosure that her Wal-Mart clothing line was made in Honduran sweatshops, she was told that one item, a faux-antique blouse, was manufactured in a New York City plant where workers were grossly underpaid. Gifford didn't hesitate. She dispatched her husband, TV sports presenter Frank, to hand out envelopes containing $300 each to some of the workers--accompanied by a publicist, natch...
Viewers were aghast. No, not at TV hostess KATHIE LEE GIFFORD's mawkish reports of her son Cody's every hiccup and hangnail. They're used to that. Last week, however, labor activist Charles Kernaghan testified in Congress that the Wal-Mart clothing line bearing Kathie Lee's name is stitched together by children in Honduras who work for 31 cents an hour. As co-host Regis Philbin flinched, Gifford launched into a teary, it's-not-my-fault, TV hissy fit: "You can say I'm ugly, you can say I'm not talented, but when...